Archive | February, 2008

Blog Post

More for Oil, Nada for Stimulus

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29. February 2008

More for Oil, Nada for Stimulus

02-29-08 by dugan     The headline of this column in U.S. News, by Marianne Lavelle, says it all: "Signing Your Economic Stimulus to the Saudis." Or not quite all. She could have added …"and Exxon, Chevron, BP, Chell and Conoco." Her assessment is one that’s gaining steam: Given the spiking price of gasoline, the […]

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Inuits vs. Exxon: Might Work

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28. February 2008

Inuits vs. Exxon: Might Work

2-28-08 by dugan   It’s a Hail-Mary pass, but the Alaskan Inuit lawsuit against the oil industry on global warming just might work. It may come down to how the judge views the definition of "conspiracy." Alaska’s Eskimos, or Inuit, have been refining the argument for a long time. Four years ago, the Inuit as […]

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News Clipping

Pump Prices Tell The Story

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28. February 2008

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Pump Prices Tell The Story

Arkansas Democrat-Gazette (Little Rock, AR) February 28, 2008 by Mike Masterson, Staff Columnist Editorial: Pump Prices Tell The Story I don’t know diddly about how the oil industry legally siphons billions in profits from captive customers while the nation’s oil-based economy teeters near calamity, but my ignorance never stopped me from having an opinion. In […]

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Blog Post

Congressional Kabuki

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27. February 2008

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Congressional Kabuki

2-27-08 by dugan   Could oil companies that collectively made $123 billion last year afford to give up $1.8 billion a year (less than 1.5% of annual profit) from the tax subsidies that you and I are paying them? It’s not a question worth answering. Nor do we need to ask why President Bush insists […]

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Blog Post

What? Politics at the EPA?

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26. February 2008

What? Politics at the EPA?

2-26-08 by dugan     Here’s a (not) shocking development. Newly released documents show that the oil buddies at the White House may have interfered in the Environmental Protection Agency’s rejection of California’s new tailpipe standards for greenhouse gas emissions. Sen. Barbara Boxer of California is investigating the decision, announced in December, which the EPA […]

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Blog Post

Oil, Inflation … Action?

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26. February 2008

Oil, Inflation … Action?

2-27-08 by dugan     If oil were shoes, its price would be sinking today like a 6-inch spike heel on the beach. Oil and gasoline consumption are down nationwide and U.S. stocks of oil keep rising. The shoe store manager in this situation would have the "50% Off!" signs in the window pronto. Yet […]

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News Clipping

Speculation Keeps Oil High

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24. February 2008

Speculation Keeps Oil High

The San Diego Union-Tribune February 24, 2008 by Dean Calbreath Speculation helping keep price of oil stratospheric As the price of oil jumped above $100 per barrel last week, pundits were falling over themselves to come up with explanations for the price spike. Maybe it was that oil-refinery explosion in Texas, they said. Or maybe […]

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Blog Post

How Hot Fuel Fix Got Axed

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22. February 2008

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How Hot Fuel Fix Got Axed

2-22-08 by dugan     Is this week’s early-stage victory for a national lawsuit against the "hot fuel" ripoff important? Ever more so, Considering the collapse of would-be regulation to fix it. Here’s a memo I wrote recently to the National Conference on Weights and Measures, giving a flavor of how cowed by industry the […]

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Press Release

National ‘Hot Fuel’ Suit Update

CONTACT: Judy Dugan, 213-280-0175 (cell); Jamie Court, 310-392-0522, ext. 327; or John Siebert of OOIDA at 816-229-5791, ext. 1156

21. February 2008

National ‘Hot Fuel’ Suit Update

Consumer Victory as National ‘Hot Fuel’ Lawsuit Moves Forward on All Counts Federal District Judge in Kansas City Refuses to Dismiss Suit Against Petroleum Marketers Alleging Deceptive Sale of Gasoline, Diesel Fuel Santa Monica, CA — The sale of “hot fuel” will bring a long, uncomfortable summer to petroleum marketers, refiners and oil companies with […]

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Blog Post

Economy Under the Heel of Oil

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20. February 2008

Economy Under the Heel of Oil

2-20-08 by dugan     Remember last year’s stories about how resilient the U.S. economy seemed in the face of rising energy prices? What a different story today, with energy prices driving a scary rate of inflation. The financial analysts who confidently predicted a few months ago that energy costs would drop in response to […]

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News Clipping

Oil gushes past $100

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20. February 2008

Oil gushes past $100

Los Angeles Times February 20, 2008 by Elizabeth Douglass & Tom Petruno, Times Staff Writers Oil gushes past $100 The price of crude rises $4.51 to a closing record of $100.01 as commodities rally The petroleum world produced a record Tuesday, which was bad news for consumers. Frenzied trading sent crude oil surging above $100 […]

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News Clipping

Oil price tops $100

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20. February 2008

Oil price tops $100

The San Diego Union-Tribune February 20, 2008 by Dean Calbreath, UT STAFF WRITER Oil price tops $100, increasing concerns Higher costs feared for gas, other goods  The price of crude oil closed above $100 a barrel for the first time yesterday, raising the specter of higher prices for gasoline, food, plastics and an array of […]

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Blog Post

Price Spike, in Spades

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19. February 2008

Price Spike, in Spades

2-19-08 by dugan     Let’s see. Gasoline is up eight cents a gallon in the last week for regular. Oil prices hit $100 a barrel today, ginned up by speculators "worried" about Venezuela, Nigeria, a refinery fire in Texas, you name it. Refiners are cutting back production deliberately, aiming to drive the price of […]

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